The 10 Most Important Things In The World Right Now

REUTERS/Danny Moloshok Good morning! Here's what people will be taking about on Friday.

1. The United States and Europe have adopted the strongest sanctions against Russia since the end of the cold war. The EU restrictions "include a measure that would prevent Russia's largest state-owned banks from issuing stock or bonds in European markets," the Financial Times reports, while both western powers were "barring technology transfers in several parts of the energy sector, including shale gas and deep-sea and Arctic oil exploration."

3. A massive pipe that burst Tuesday night spilled 8 to 10 million gallons of water n ear the campus of UCLA. The water line was shut down around three hours after the break, but pictures show the university campus and streets under water.

5. A federal court blocked a Mississippi law on Tuesday that would close the last abortion clinic in the state. Nancy Northup, president of the Center for Reproductive Rights said: "Today's ruling ensures women who have decided to end a pregnancy will continue, for now, to have access to safe, legal care in their home state."

6. Argentina is under pressure to avoid its second debt default in 12 years. The country has until the end of Wednesday to "either cut a deal with 'holdout' investors suing it or win more time from a U.S. court to reach a settlement," Reuters said.

8. Housing prices in major global cities, including London, New York, and Sydney, are soaring. For the past 12 months at the end of June, Bloomberg reported that London was up 20%, Manhattan 18%, and Sydney 5.4%.

9. British health experts warned that the Ebola virus, which has now killed nearly 700 people in West Africa, is a potential threat to the U.K. England's global health director told Prime Minister David Cameron that the deadly virus was the "most acute health emergency" facing Britain right now, The Independent reports.

10. A beach concert in the capital of Guinea turned deadly when 24 people were killed in a stampede, the BBC reports. The concert was celebrating the end of the holy month of Ramadan.

And finally...

Theodore VanKirk, the last surviving member of the American flight crew that dropped the atomic bomb on Hiroshima, died from natural causes at the age of 93.